Flipkart has promoted Rishi Vasudev, its fashion department head, to give him additional responsibility of the fashion and lifestyle categories of its fashion portals Myntra and Jabong, two people familiar with the development
The development comes just a week after the e-commerce major named Amar Nagaram as head of Myntra-Jabong, following the resignation of Ananth Narayanan as its CEO.
"Amar will head product, tech and customer experience, Rishi will head fashion and lifestyle at Myntra and Jabong," said a person familiar with the development.
Both Nagaram and Vasudev will report to Flipkart CEO Kalyan Krishnamurthy, the person said, adding that a formal announcement is expected in the next 10 days or so.
A Flipkart spokesperson in an emailed response said, "As a company we don't comment on speculations/rumours."
Earlier this month, Vasudev was promoted as senior vice president, the two sources said. That has also been updated in his LinkedIn profile.
Vasudev, a former CEO of Calvin Klein in India, is the third Flipkart executive who has been parachuted to Myntra and Jabong since US retail giant Walmart completed its $16 billion acquisition of Flipkart in August last year.
Flipkart had in November moved Ayyappan R to head category management at Myntra. Ayyappan was previously heading the mobile phone category at Flipkart and is credited with making Flipkart the leader in that category.
Last week, Nagaram moved to Myntra-Jabong when Narayanan quit after being at the helm of the online fashion retailer for three-and-a-half years.
The changes at the country's largest e-commerce group are coming even as Flipkart and its rival Amazon have been rattled by a government announcement in December that mandate sweeping changes to the current business models of FDI-funded marketplaces by February 1.
The latest amendments to the foreign investment (FDI) policy in e-commerce marketplaces prohibit such platform operators from letting their affiliates to sell on their sites, and they also must not exercise any control over inventory.
In November, Flipkart announced major restructuring at Myntra and Jabong, combining functions including technology, human resources and finance and that resulted in about 200 job losses at Jabong.Shoot